I think it should pullback (given that its oversold) before we see clarity about the move.
Thankfully, I got this analysis right previously. The support have been holding, we saw a divergence so probably a good time to buy? Lets see how this turns out.
It could mean momentum loss and selling is accelerating. Lets see how this turns out. My hunch is that we might see a substancial pullback.
You might have noticed, SPX has been giving divergence signal for some time now. It could mean momentum loss and that sellers are starting to come in. Let's see how this turns out, my hunch is that we will get a strong pullback.
Hey everyone, It looks like AUDUSD has broken through the support and now its consolidating. We might see it drop to the next support.
This might mean that we are headed for a pullback to support, it might suggest trend change, there are many possibilities.
As you can see in the image, RSI has travelled up while price has moved down. It shows momentum loss and probably we are headed for 550 or thereabouts.
It appears that we are going to retest strong resistance.
Pullback is over it seems, the long shadow candle suggests that there is buying pressure at the support. Lets see how this turns out
I have bullish outlook on this due to divergence. Wait for the trendline to break for confirmation.
Lets see how this plays out